CMB Wing Lung Bank (Chinese: 招商永隆銀行) is a Hong Kong-based bank that serves customers in Asia and North America. Its parent company is China Merchants Bank, which acquired a controlling interest in 2008.
| Website | cmbwinglungbank.com |
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Key Facts:
- Foundation: Founded on February 25, 1933, by Dr. Wu Yee-sun
- Branch Network:
- Hong Kong: 35 branches
- Mainland China: 4 branches
- Macau: 1 branch
- United States: 2 branches (Los Angeles and San Francisco)
- Employees: Over 1,900
- Assets: Exceeds HKD 300 billion
- Parent Company: China Merchants Bank (CMB)
Ownership and Rebranding:
- In 2008, CMB acquired a 53.12% stake, becoming the largest shareholder.
- In 2009, CMB acquired the remaining shares, fully integrating the bank and rebranding it to reflect the CMB corporate identity.
- It was subsequently delisted from the Hong Kong Stock Exchange in January 2009.
Branch Highlights:
- Los Angeles Branch: Located in Alhambra, California, this branch features the largest glass tile mural in North America. The mural stands at 34.5 feet tall and 129.5 feet wide, using around 1 million glass tiles to depict the nearby San Gabriel Mountains abstractly. It won the 2007 Spectrum Award for its design.
Recognition:
- In 2019, CMB was ranked 9th on The Banker‘s list of the Top 500 Banking Brands.
CMB Wing Lung Bank’s growth, network, and consistent focus on innovative banking solutions exemplify its strong market positioning.
